Democratic Party leaders, President Obama in particular, are forever telling the country that wealthy Americans are taxed at too low a rate and pay too little in taxes. The need to correct this seeming injustice is framed not simply in terms of fairness. Higher tax rates on the wealthy, we´re told, would help balance the budget, allow for more "investment" in America´s future and foster better economic growth for all. In support of this claim, like-minded liberal pundits point out that in the 1950s, when America´s economic might was at its zenith, the rich
Beautiful, I have heard that BS line about how the rich paid so much more in the 1950s and look how the economy boomed! My answer typically was yeah, there were alot more deductions available back then (when I started working in the 1980s, 100% of credit card interest was deductible, but never mind).
The retort always was that I "didn´t know what I was talking about".
I am reading The Patriarch, the biography of Joseph P. Kennedy, and he made his money via insider trading and market manipulation...all prior to becoming head of the SEC, where he outlawed those practices for others.
I am amazed at how long it took for a national news financial journalist to clear this up. No body ever laid 91%. The tax codes were written with so many deductions most rich paid almost nothing . The Kennedy´s transferred hundreds of millions to various children, And paid no tax while doing so. The 91%is another huge liberal lie to justify destroying our economy.
Paul Krugman has called for a return to a 91% rate. He never explains the difference in the tax laws of those days. As #2 pointed out, there were many, many deductions allowed in the tax code that have long since been eliminated.
I say let Paul Krugman, the wealthy economist and professor at Princeton, be the first to pay 91% of his income to the federal government. Only calculate his tax with no deductions allowed. Then let all the liberal pundits do the same. Their total income tax, once state and local income taxes are added, will exceed 100% of their income.
No doubt the wealthy liberals have business managers, attorneys and accountants that insure these libs take advantage of every available advantage found in the tax code. These managers put the libs on an allowance that enables them to live lives of luxury while they criticize others. Give them a dose of the medicine they desire for the rest of us.
The IRS targeting scandal is best understood as part of a larger effort to limit the political speech of conservatives and business groups. That became clearer last week regarding the Federal Election Commission, and now evidence is spreading to the Securities and Exchange Commission. Senior Republicans on the House Oversight Committee recently wrote to new SEC Chairman Mary Jo White to report on disturbing events that occurred under her predecessor, and to request agency documents. As at the IRS, there´s an emerging pattern at the SEC of
Politics: Republicans who´ve been viciously attacking a last-ditch defund ObamaCare effort should ask themselves: Will getting rid of this $1.4 trillion entitlement program be easier two years from now? Or four? Some Republicans and conservative pundits are in a lather lately, throwing brickbats like "the dumbest idea I´ve ever heard," "a fantasy," "the definition of insanity," "nuts" and something that will "deliver nothing other than pain." Oh, wait. Those aren´t criticisms of ObamaCare. They´re complaints from the likes of GOP Sens. Richard Burr and Tom Coburn, and various conservative pundits and bloggers about a proposal to defund ObamaCare.
Benevolence: A European either living off or managing a nanny state would say that Americans´ contempt for welfare regimes is based on greed. But if Americans are so selfish, how can they be so charitable? In no European economy are the people more generous with their own money than the people of the U.S. According to Organization for Economic Cooperation and Development data, which have been thoughtfully assembled by Cato scholar Dan Mitchell, the total of Americans´ voluntary social spending reached 10.2% of GDP in 2009, the latest year for which numbers are available.
War On Terror: The way the White House has hyped a supposedly imminent al-Qaida plot, only one thing has to happen for President Obama to come off as a hero: nothing. It smells fishy. It´s not at the level of Robert De Niro and Dustin Hoffman cinematically fabricating a war with Albania to get the public´s mind off a presidential sex scandal, as in David Mamet´s 1997 black comedy "Wag the Dog," but the indefinite shutdown of 20 U.S. embassies in the Mideast and Africa after the announcement of a for-sure, impending terrorist mega-attack looks suspiciously gift-wrapped and well-timed
The American Geophysical Union has definitively linked climate change to humanity’s reliance on fossil fuels. In a statement, the Union said that humanity is the major influence on the global climate change observed over the past 50 years. It claimed that human-caused increases in greenhouse gases are responsible for most of the observed global average surface warming of roughly 0.8°C (1.5°F) over the past 140 years. ´There is only one thing that is going straight up … that is the greenhouse gases that we are just pumping at an exponential rate,´ Gerald North, an atmospheric scientist at Texas A&M
CIA Director John Brennan wrote to his agency´s Benghazi survivors on May 30, instructing them that while they were under no obligation to speak to Congress, they could testify in closed committee hearings if they wanted to. ´The Agency will support and facilitate contact with [congressional] committees,´ he wrote, for any employee who wanted to talk. The letter, first published online by The Weekly Standard, suggests that Republicans in the House and Senate have overreacted to their inability to get CIA witnesses to testify on the record. Several Republicans have expressed frustration at what they see as a gag order
The United States government has filed its first criminal charges pertaining to the 9/11/12 attacks on the Benghazi diplomatic facility, according to CNN’s justice and national-security correspondent Evan Perez. Ahmed Khattalah, a Libyan militia leader, is believed to have been involved in the attacks that resulted in the death of four Americans, including U.S. ambassador Christopher Stevens. CNN’s sources did not reveal the exact charges brought against Khattalah. Khattalh has been described as “propagating an al Qaeda-style ideology” by both Libyan government officials and former Islamic militants, and his group, based
RUSH: Jeff, Mansfield, Texas. Glad you waited, sir. Welcome to the EIB Network. Hi. CALLER: Hi. Mega dittos, Rush. An honor and a privilege. RUSH: Thank you, sir, very much. CALLER: I used to listen to you in Sacramento, California, in the eighties. I believe you said your golf clubs were in various trees around the Chicago area. RUSH: Well, not just Chicago. (laughing) CALLER: I´ve been a listener ever since. RUSH: You´re right, you´re right. CALLER: Listen, Rush, I´m a 58-year-old semiretired engineer,
On Morning Joe today, Representative Peter King said he thinks al-Qaeda’s current head, Ayman al-Zawahiri, is a more active leader than Osama bin Laden, his predecessor. ”In many ways, he’s more active than bin Laden was as far as monitoring a situation,” the New York Republican explained. “He’s more the chairman of the board right now.” King, the chairman of the House Committee on Homeland Security, also warned that the recent threat that prompted the U.S. to close embassies across the Middle East and Africa is not just limited to the region. “It can be anywhere in the world,”
RUSH: I´ve got a story here. I´ve got so many stacks I don´t know what Stack it´s in. But this was a primary item I was gonna discuss today. Here´s the first of it. "Democrats Have Taken Advantage of Millennials." This is a story by Alex Smith who´s a national chairman of College Republicans. This is fascinating in and of itself, but that is just one aspect. I had a bunch of thoughts that flowed from this. What I concluded from this -- and, by the way,
RUSH: Puuulease! Please stop telling me that Jeff Bezos´ politics are unknown. Come on! How stupid do they think we are out here? The guy just held a massive event with Obama. The guy endorses every Democrat in the state of Washington. He´s a big booster of gay marriage. But the Drive-Bys are telling us that Jeff Bezos´ politics are held close to the vest. Actually, I read someplace yesterday that Jeff Bezos is a Libertarian. Jeff Bezos of Amazon just bought the Washington Post,
Remember how the sequester was going to force the federal government to slash vital services? Not only didn´t it happen, but the Labor Department´s Women´s Bureau is still in operation. As its acting director, Latifa Lyles, explains in a blog post, the bureau was established in the year of Helen Thomas´s birth to "promote the welfare of wage-earning women, improve their working conditions, increase their efficiency and advance their opportunities for profitable employment." If you thought that mission was accomplished sometime around 1973, think again.
In 2008 and then again in 2012, after retired four-star General Colin Powell endorsed and then voted for Barack Obama, the former Secretary of State´s sanity was already in question. At least now, after having his email account hacked by high-level security-breacher Guccifer, Colin Powell´s besmirching of the Republican Party´s "shift to the right" and "identity crisis" finally makes sense. It seems that for years the mannerly and always professional Colin Powell has been cyber-comporting with a 46-year-old Romanian European Parliament member, Social Democrat, and past spokesperson for Romanian president Ion Iliescu named Corina Cretu
Conservatives have for years attempted to put our finger upon precisely why Barack Obama strikes us as queer in precisely the way he does. There is an alienness about him, which in the fever swamps is expressed in all that ridiculous Kenyan-Muslim hokum, but his citizen-of-the-world shtick is strictly sophomore year — the great globalist does not even speak a foreign language. Obama has been called many things — radical, socialist — labels that may have him dead to rights at the phylum level but not down at his genus or species. His social circle includes
For nearly a year, we have had no answer to why the administration lied about Benghazi — why it told the world, not to mention the parents of our murdered SEALs at the funeral of their sons, that the cause of that fatal conflagration was an anti-Islamic video no one saw, when the various arms of our executive branch (White House, State and intelligence) already knew, or strongly suspected, it was a terror attack orchestrated by al-Qaeda affiliates. You only have to read the now infamous talking points to know that. That this lie was deeply immoral is obvious.
Today, across Africa, Araby and Asia, from Nouakchott to Dhaka, the diplomatic facilities of the United States are closed. There’s a Tsarnaev out there, somewhere – could be the Mahgreb, the Levant, the Horn of Africa, the Indian sub-continent – who knows? So, as Richard Fernandez writes, “Shelter in place, this time globally.” Maybe it will work. Maybe by the end of the day there will be, unlike Benghazi a year on, men in custody. But if not? Daniel Pipes: Don’t know about you, but I find this pre-emptive cringing unworthy of a great country, even humiliating.
He thought he was a woman trapped in a man’s body — but it turns out he’s “just another boring straight guy.” ABC News editor Don Ennis strolled into the newsroom in May wearing a little black dress and an auburn wig and announced he was transgender and splitting from his wife. He wanted to be called Dawn. But now he says he suffered from a two-day bout of amnesia that has made him realize he wants to live his life again as Don. “I accused my wife of playing some kind of cruel joke, dressing
The truth about Benghazi, the Associated Press/James Rosen monitoring, the IRS corruption, the NSA octopus, and Fast and Furious is still not exactly known. Almost a year after the attacks on our Benghazi facilities, we are only now learning details of CIA gun-running, military stand-down orders, aliases of those involved who are still hard to locate, massaged talking points, and the weird jailing of Nakoula Basseley Nakoula. We still do not quite know why Eric Holder’s Justice Department went after the Associated Press or Fox News’s James Rosen — given that members of the administration were themselves illegally leaking
WASHINGTON — Former Massachusetts lawmaker Barney Frank revealed that he doesn’t believe in God. During Friday’s appearance on HBO’s “Real Time With Bill Maher,” Frank, who championed the decriminalization of pot while serving in the House of Representatives, admitted to smoking marijuana and being an atheist. “You were in a fairly safe district. You were not one of those congress people who would have to worry about every little thing,” Maher said to Frank. “You could come on this show and sit next to a pot-smoking atheist and it wouldn’t bother you.”
In an interview for The Guardian Weekend magazine, actor Matt Damon recently weighed in with his thoughts on how President Barack Obama has handled the scandals that have engulfed his administration since the spring. Damon, a vocal supporter of the president since his 2008 campaign for national office, said that Obama is overcompensating for his lack of military background with his tough response to controversies like how the government is responding to National Security Agency leaker Edward Snowden. The actor said that Obama is allowing himself to “get bullied” and is acting as though is “manhood”
Republican National Committee Chairman Reince Priebus threatened to pull the group’s partnership with NBC and CNN for 2016 GOP presidential primary debates if the networks moved ahead with plans to air films on Hillary Clinton. “If they have not agreed to pull this programming prior to the start of the RNC’s Summer Meeting on August 14, I will seek a binding vote stating that the RNC will neither partner with these networks in 2016 primary debates nor sanction primary debates they sponsor,” Preibus said in a statement. In individual letters to CNN President Jeff Zucker and NBC Chairman Robert Greenblatt,
The Pentagon has placed its elite cadre of special operations teams on full alert to launch preemptive attacks against suspected al Qaeda targets across the globe, according to reports. The American special forces teams have spent the past week waiting for U.S. military and intelligence officials to confirm the whereabouts of the terror cell plotting to attack U.S. diplomatic outposts in the Mideast and North Africa. Unnamed sources told CNN on Monday that the teams were poised to carry out the preemptive strikes, but declined to comment on where the U.S. forces were located or which potential
Oprah Winfrey on Monday said the killings of Trayvon Martin and Emmett Till are the "same thing." This transpired during an interview with The Grio that aired on NBC´s Today show. OPRAH WINFREY: It´s so easy during this time: Trayvon Martin, Trayvon Martin parallel to Emmett Till, let me just tell you. In my mind, same thing. But you can, you can get stuck in that and not allow yourself to move forward and to see how far we´ve come. Really? Martin and Till are the same thing?
In an exclusive interview for The Grio, NBCUniversal’s African-American news and opinion website, Oprah Winfrey weighed in with her unvarnished thoughts on the killing of Trayvon Martin and the acquittal of George Zimmerman. Winfrey said that, in her mind, Martin’s murder and that of Emmett Till in 1955 – whose killers were also acquitted – were the “same thing.” However, she added that it is important to keep in mind how much race relations in America have progressed over the last half-century. In a clip of the interview which aired on NBC’s Today, Oprah told The Grio’s Chris